Tiwa Adebayo

Bloomberg's co-head for Asia, John Liu, says there are high stakes attached to this meeting.

Bloomberg's John Liu speaking there.

During the meetings, Trump and Xi are also expected to discuss a new board of trade, as well as agreements on agriculture, aerospace and energy.

Beijing officially confirmed the date of the US president's state visit earlier today.

It will be the first visit of its kind in nearly a decade, despite ongoing tensions over the Middle East.

NHS England has granted staff from external companies, including analytics firm Palantir, full access to identifiable patient data.

That's according to the Financial Times.

Bloomberg's Freddie Fulston has more.

That's news when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

News when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

The United States and Iran are considering a fresh proposal to end the war that has upended the global economy.

Sources say Washington has presented a one-page memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports.

Iran is expected to respond via Pakistan within the next two days.

The offer caps a chaotic 48 hours as President Donald Trump searches for an exit from a conflict that has driven up energy prices and dented his political standing.

Speaking yesterday, he offered a characteristically bullish assessment of progress.

Throughout the war, President Trump has repeatedly suggested a deal is close, though none has materialised.

Under the plan, detailed negotiations over Iran's nuclear programme would come later, with nothing yet agreed.

Iranian state media have signalled that parts of the US proposal remain unrealistic to the country's leadership.